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Syncom Healthcare Limited IPO (Syncom Healthcare IPO) Detail

Jan 27, 2010 - Jan 29, 2010

Incorporated in 2002, Syncom Healthcare Ltd is a pharmaceutical company based in central India. Syncom is in the business of manufacturing, marketing & trading of pharmaceuticals formulations under its own brands of Ethical, OTC, Generic and Herbal market segment. Syncom have over 250 products available in various dosage forms including Tablets, Capsules, Liquids, Ointments, Eye/Ear Drops, Dry Syrup, Herbal Products, Protein Powder and External Preparations.

Apart from their own Marketing setup (OTC, Generics and Ethical Divisions), Syncom Healthcare is also a leading Contract Manufacturing company catering to various domestic and multinational companies. Syncom have a range of over 400 products and can develop customized products as per the needs of the customer and deliver the products at short notice. Syncom Healthcare manufacturing premises spans is over 1,25,000 sq.fts.

The proceeds of the issue are proposed to be utilized for its various expansion plan which include setting up of a new manufacturing unit at Indore SEZ for manufacturing various pharmaceutical formulations, undertaking various upgradation/modernization of manufacturing facilities at Dehradun plant and to set up an export office at Mumbai.

Company Promoters:

1. Mr. Ajay Bankda, aged 48 years has completed his Master of Commerce in the year 1981 from the Vikram University, Ujjain. Since 2002 he is working as Managing Director of Syncom Healthcare Limited.

2. Mrs. Jyoti Bankda, aged 42 years has completed her SSC examination in the year 1982 from Maharashtra State Board of Secondary & Higher Secondary Education, Pune.

Company Financials:

ParticularsFor the year/period ended (Rs. in Lacs)
31-Jul-09 31-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income2067.806056.495495.283072.591933.35
Profit After Tax (PAT)160.19378.04366.52274.4824.37

Objects of the Issue:

The objects of the Issue are:

1. To set up our new manufacturing unit at Indore SEZ for manufacturing of various pharmaceuticals formulations;
2. To undertake the upgradation/modernization of manufacturing facilities at Dehradun Plant;
3. To Meet Working Capital Requirements;
4. To set up an Export Office at Mumbai;
5. To undertake “Brand & Product Registration and Approval”;
6. To meet General Corporate Purpose; and
7. To meet Issue Expenses.

Syncom Healthcare IPO Details

IPO Opening Date Jan 27, 2010
IPO Closing Date Jan 29, 2010
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹65 to ₹75 per equity share
Market Lot 90 Shares
Min Order Quantity 90 Shares
Listing At BSE, NSE
Issue Size7,500,000 Eq Shares of ₹10
(aggregating up to ₹56.25 Cr)

Syncom Healthcare IPO Lot Size

The Syncom Healthcare IPO market lot size is 90 shares. A retail-individual investor can apply for up to 29 lots (2610 shares or ₹195,750).

Application Lots Shares Amount (Cut-off)
Minimum 1 90 ₹6,750
Maximum 29 2610 ₹195,750

Syncom Healthcare Limited IPO Grading / Rating

CARE has assigned an IPO Grade 2 to Syncom Healthcare IPO. This means as per CARE, company has Below Average Fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Syncom Healthcare IPO.

Syncom Healthcare IPO Subscription Status (Bidding Detail)

The Syncom Healthcare IPO is subscribed 5.17 times on 1/29/2010 5:00:00 PM. The public issue subscribed 6.25 times in the retail category, 0.99 times in the QIB category, and 16.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.99
NII16.60
Retail6.25
Total5.17

Syncom Healthcare IPO Prospectus

Syncom Healthcare IPO Rating

64
3.4
Rating:Rated 3.4 stars
Vote Here ...

Syncom Healthcare IPO Listing Date

Listing Date Monday, February 15, 2010
BSE Script Code 533157
NSE Symbol SYNCOM
Listing In B Group of Securities
ISIN INE602K01014
IPO Price ₹75 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹75.00
₹88.00
₹85.80
₹107.25
₹87.85
NSE
₹75.00
₹89.90
₹85.75
₹107.20
₹87.75

Company Contact Information

Syncom Healthcare Limited
221, Vyapar Bhawan,
P.D'Mello Road,
Mumbai - 400009
Phone: +91-22-23725193
Email: ipo@syncomhealthcare.com
Website: http://www.syncomhealthcare.com

Syncom Healthcare IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: syncom.ipo@intimespectrum.com
Website: https://linkintime.co.in/

Syncom Healthcare IPO Reviews / Ratings

  • Business Line - Avoid
  • Swastika Investmart Ltd - Neutral

Syncom Healthcare IPO FAQs

Syncom Healthcare IPO is a main-board IPO of 7,500,000 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹65 to ₹75 per equity share. The minimum order quantity is 90 Shares.

The IPO opens on Jan 27, 2010, and closes on Jan 29, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Syncom Healthcare IPO opens on Jan 27, 2010 and closes on Jan 29, 2010.

Syncom Healthcare IPO lot size is 90 Shares and the minimum order quantity is 90 Shares.

You can apply in Syncom Healthcare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Syncom Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Syncom Healthcare IPO allotment status.

The Syncom Healthcare IPO listing date is on Monday, February 15, 2010.

Syncom Healthcare IPO Message Board

Ranked Members  Ranked Members

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87 Comments

87. testkl |Mar 2, 2010 9:49:25 AM
even after so many negative comments for syncom ,still the return is around 20 % as on date
86. Raju The Robber |Feb 23, 2010 12:27:12 PM
To,
All the Investor's
who bought Syncom at high level ....
for them still chance to cut loss .......
otherwise 1 year target is 10-15 Rs.........
Yes My dear Ten to Fifteen Rs. only
85. anil |Feb 22, 2010 12:03:16 PM
MERE PASS SYNCOM HELTH CARE KE SHARE HAI SO PLEASE INFOME ME ME AB KYA KARU SELL / HOLD THIS STOCK
84. Rama |Feb 16, 2010 1:38:35 PM
Sell syncom....Sell..........Sell........
This will go the astec way... Rememeber the price of astec lifesciences is 58 at present..........

Book your profit immediately.......

Rama

Discl: I have not applied for syncom IPO.
83. HARDIK |Feb 15, 2010 2:13:52 PM
HI, NEHA & IPO Q U E E N

conform news the thanks...

syncom ne best riturn diya thanks........
82. bhanu |Feb 15, 2010 11:04:52 AM
RJ is into this counter
all the best
when he will dump is not known
take ur profit and run
81. neha |Feb 15, 2010 10:33:29 AM
daer gemipo,same ..HNI.. is also involved.. inAQUA..ipo ..he is famous entity and u also know him by name..dear retail investor if u have been alloted shares in this both ipo,then book profit and forget it...good luck ...
80. Marketguru |Feb 15, 2010 10:27:56 AM

Superb listing....
79. Rashmi |Feb 15, 2010 10:14:43 AM
Hi All,

Heavy speculation.

More buyers in the Q than sellers.

Operators are involved.

Make hay while it lasts.

Fundamentals do not support this price.

But who cares??
78. ashwini |Feb 15, 2010 10:11:26 AM
hi all,

Why are people getting personal??
Everyone is entitled to an opinion.
Whatever is written here is not the gospel truth.
Read the blogs and move on.
If you like something make use of it.
Otherwise discard it.

Why show your pedigree by using foul words.
Nobody knows how the stock market operates.
Profit making dividend paying companies languish while dud ones skyrocket.

Same with IPOs.

Which fly or which sink is lottery.

Keep applying to what appeals to you.
Some you win some you lose.
But that is the stock market game.

No need to post rubbish and fight with each other.
77. raja |Feb 14, 2010 5:50:44 PM
syncom can't list above Rs.85/86 sell market rate on opening bell best of luck
76. Marketguru |Feb 14, 2010 1:39:57 PM

Punters are involved.... this will blast on listing.....

do not sell... this may double your money....
75. akash |Feb 14, 2010 12:49:28 PM
can i buy this share on monday only 4 short term please reply.
74. akash |Feb 14, 2010 12:49:22 PM
can i buy this share on monday only 4 short term please reply.
73. ipo king |Feb 14, 2010 11:53:13 AM
today's premium 13-15 to syncom healthcare.
72. SJP GLOBAL |Feb 14, 2010 10:56:57 AM
SYNCOM HEALTHCARE IPO - LISTING ARROUND RS- 90 TO 95
71. neha |Feb 13, 2010 9:02:55 PM
syncom share listing ke din zabardast chalega ,kyonki mumbai ke ek bade khiladi ke pas sub share hai..yeh khiladi ..HNI.. hai..mere bol yaad rakhna....
70. IPO QUEEN |Feb 13, 2010 8:49:40 PM

Mr.HARDIK ,


I BELONG TO RAJKOT.


.
69. HARDIK |Feb 13, 2010 8:11:52 PM
hi, IPO Q U E E N

KYA TUM AHMEDABAD SE HO?
68. neha |Feb 13, 2010 5:19:18 PM
total average PE of pharma-formulation sector is 8.3 and PE of syncom is 23. so there is huge chance of its listing in discount, but as you all are said that it is operated by some ahmedabad based operator then any thing can happen(as you all know that fair value of dominozz pitzza is rs.165 but now it trade around 250) means any think can happen in indian stock market, all is game of big people, we small investor can do nothing